Business Climate in Industry, Construction, Retail Trade Worsens in October

In October 2019, the total business climate indicator dropped by 1.4 percentage points compared to September, reflecting the more unfavourable situation in industry, construction and retail trade.

The Business Climate in Industry composite indicator fell by 1.0 percentage point due to the more moderate industrial entrepreneurs' assessments and expectations for the business situation. The poll also found lower expectations for export and production activity over the next three months.

In October, the Business Climate in Construction composite indicator decreased by 3.9 percentage points, reflecting the more unfavourable construction entrepreneurs' assessments and expectations for the business situation of the enterprises. In the next six months, the managers expect fewer new orders, which may lead to a certain drop in activity in the short term.

The Business Climate in Retail Trade composite indicator dropped by 2.3 percentage points due to the more reserved retailers' assessments and expectations for the business situation of enterprises. Their forecasts for both the volume of sales and orders placed with suppliers over the next three months are also less optimistic.

In October, the Business Climate in Services composite indicator gained 0.9 percentage points due to the more favourable managers' assessments of the current business situation of the enterprises. However, their expectations for the demand for services over the next three months are more reserved.

Source: BTA